A Widow pensioner, named her grandson (First son's son) as nominee to a Bank fixed deposit and died without writing a Will. Can that Widow's Second son and Daughter challenge it in court for a claim as legal heirs?
pankaj verma 03 October 2022
Advocate Bhartesh goyal (advocate) 03 October 2022
Nominees function is to receive the amount from bank , he is only trustee and has to disburse the amount to legal heirs.
P. Venu (Advocate) 04 October 2022
The funds are vested with the legal heirs. The nominee is only a trustee to receive the same on behalf of the legal heirs. If a legal heir, the nominee also gets his/her share.